those into the chrysler brand. so two or three of them really bubbled to the top. they eventually became the big three detroit is so well known for, the ford motor company, general motors, and chrysler. detroit's early industrial history, prior to the turn of the last century, brought in many immigrants, mostly from western europe. they settled here and they took good jobs and helped build the industries they were involved in. following the turn of the 19th century, we had quite an influx of people from mediterranean countries, from eastern europe that really helped build detroit into this wonderful melting pot of various neighborhoods, very polish neighborhoods, serbian, lithuanian russian, hungarian. ,that were lots and lots of folks living amongst each other and working together in the car companies. in fact i have heard the rouge plant described as the tower of babel because there were so many different languages from cyrillic to arabic being spoken on the same assembly line. many of those people who came here

but lee iacoccanc con the federal government to lend chrysler over a billion dollars. went to work transforming the company. cutting costs, buying amecan motors, the parent of jeep, and creating the minivan, which became wildly popular. as did lee iacocca who was seemingly everywhere pitching americans to buy a chrysler. >> if you can find a better r, buy it. ex i describe him as a very, very com but highly intelligent and overall highl executive executive. >> reporter: by the early '90s chryoer moved i a new headquarters north of detroit and lee iacocca was ready to finally turn over the keys. in the years to follow, chrysler would merge with dime ler, later go through a bankruptcy, and eventually be bought by fiat. while lee iacocca faded from the auto world, h legacy carried on. a tribute to the man who transformed two of the big three automakers. ph >>> and one more example of lee iacocca's stance.t presid reagan appointed him to receive the renovation and se centennial award in 199e there weople who wanted him to run for president. >> true. he was a down-to-earth-

one ambition for chrysler. to be the best. >> reporter: he made chrysler profitable again and paid the government back every penny. he did it with an emphasis on quality. >> if you can find a better car, buy it. >> reporter: iacocca introduced longer warranties, lower prices, and a new kind of vehicle. the minivan sold so well dealers had waiting lists six to ten months long. iacocca's quest for new models actually redefined the landscape for detroit's big three. he engineered the buyout and eventual demise of number 4 car maker american motors just so he could add amc's jeep brand to chrysler's inventory. iacocca chaired the commission that raised almost $300 million to restore ellis island and the statue of liberty. >> we remember the millions drawn here by that flame, and we renew our commitment to the ideals that kept it burning. >> reporter: iacocca was known for talking tough, and he often sounded like a politician. >> the administration has seemed to understand the importance of bargaining chips in nucle

we should be saying fiat chrysler has been outperforming its peers. nevertheless, goldman pointing to what they are calling a slowing product cycle for fiat chrysler. they mentioned the outperformance over last year but now they see there is obviously upside from their. -- from there. i shall bring up to show you how much volume which we are show -- i have another chart which i shall bring up to show you where we are. this is the 20 day average, the blue line, and here we are seeing the trading volume much higher. fiat: a lot of the chrysler outperformance has been trucks in the united states. they have had trouble in china. the president of united states right now saying i do not know about these automobiles. maybe something will happen with a german car company. they have trade concerns. all companies have been battling trade concerns. a number of sectors have been. it is this topic that comes back. we know it causes jitters in the market. the markets have been moving on those comments from the president. david: they have been, as you told us earlie

former chrysler ceo lee iacocca has passed away. this morning we're looking back on his legacy. >>> new this half hour, tanks roll into washington, d.c. >> as our nation prepares to celebrate independence day, the president is being accused of turning the fourth of july holiday into a political rally. >>> our best look yet at the stars of "the lion king" face-to-face with their characters as we count down the days to our parent company disney's world premiere of the epic remake. it's wednesday, july 3rd. >> look at the stars. ♪ can you feel the love tonight ♪ >>> good wednesday morning. so much fun to get to. >> so much fun. >> yes. can't wait for that. >> can you feel that? >> what? >> the love? the fun? >> tonight? yeah. >> it's all coming this morning. >> uh-huh, stay with us. >>> we do begin this half hour with a new look at the living conditions of migrants detained at the southern border sparking nationwide outrage. >> at least 18 people were arrested in boston at a close the camps protest where they urged congress to shut

the pitchman for chrysler in 1980's, we will look back at his life and his legacy ahead. nike, meantime playing defense, the company standing by decision to pay pull patriotic betsy ross flag sneaker, record quarter for tesla, stock surging up more than 8% in premarket trading, what's behind delivery boost, that's coming up. mornings with maria starts right now. ♪ ♪ dagen: early happy fourth, 55-point gain on the dow, futures, s&p and nasdaq 100

one more thing, if you can find a better car, buy it. >> will be remembered from saving chrysler from bankruptcy in 1980. >> a lot of you remember from the chrysler bailout, the government came to rescue chrysler and few weeks ago government gave bailout. >> i didn't get a bailout, had to go through the president of the united states, he had to sign an act. >> wrote two best-selling books, son of italian immigrants, legend of american business died reportedly from complications of parkinson's, he was 94 years old. all right, another headline we are watching for you, navy seal and gallagher is freeman found not guilty of murdering isis prisoner, faces sentence for lesser charge, post for picture with the corpse, the 40-year-old is not expected to be sent back to prison and will be free for the fourth of july. tesla coming off record sales quarter, the electric car makers says delivering 95,200 vehicles, increase from a year ago and well above analyst expectations, they rose more than 6% in after hours trading yesterday, look at this in the free market, dagen, up more than 7 and a half

not only created the iconic ford mustang but also save chrysler from bankruptcy he died tuesday at the age of 94 he began his career in 1946 as an engineer afforded quickly rose to become the company's vice president at age 36 but it wasn't all smooth sailing. 78 after a span management image of chrysler which he's back to profitability after a crisis. nice doing business with here. blood. means tom. to take months to her. benefits it's a. tough year of just such the up. and fun for the troops. it's hard to overcome boundaries and come to a. time for. indeed every day is coming up ahead. minds. earth the home for saving. those tell stories of creative people and innovative projects around the world that protect the climate and boost green energy solutions by global oil has been a series of global 3000 on g.w. and online. hello and a warm welcome to news from the world of arts and culture i'm robin merrill that's a look at what's coming up today with featuring the roaring twenty's the jazz age is live music in the studio with the rufus temple orchestra and we'll be looking behind the sc

. >>> the man who saved chrysler in the 1980s has died. lee iacocca introduced some of detroit's best-selling and most important vehicles. he ran ford when the company introduced the mustang, and he led chrysler when it developed the minivan and suv. his chrysler commercials made him an icon in the industry. lee iacocca battled parkinson's disease. he was 94. >>> turning now to the weather, it's going to be a summer scorcher for much of the country today, so now let's take a look at your wednesday forecast. >>> good morning. we're talking more heat and humidity across the southeast as we head into our wednesday. potentially record-breaking heat from georgia into the carolinas. we've got some of that heat and humidity expanding into the northeast as well. it's going to lead to some spotty storms across the mid-atlantic back into the ohio river valley. when it comes to what it's going to feel like for our wednesday afternoon, this red swath from south jersey into the carolinas, that's where those accuweather real feel temperatures could be u

iacocca helped create the ford mustangs and chrysler minivan. he's also credited with rescuing chrysler from bankruptcy in the 1980s. in 1984 his biography became an international bestseller. he's survived by two daughters and eight grandchildren. iacocca was 94 years old. >>> a moment of silence was held before the angels and rangers took to the field in memory of tyler scaggs. >> please join the texas rangers, the los angeles angels as we honor tyler skaggs. >> yesterday his image was displayed on an electronic billboard before the game outside dallas. angels players wore scaggs' number 45 on their uniform. it was the angels' first game since his death and they won, 9-4. the 27-year-old was found unresponsive in a hotel room in a dallas suburb. it's unclear how he died. police say suicide and foul play are not suspected. >>> team usa will advance to the women's world cup final. yesterday the u.s. team beat england 2-1 in the semifinals in france. it was a hard-fought match between two strong teams with everything on the line. roxana saberi rep

he proved it at chrysler. he turned around a company on the brink by helping engineer a $1.5 billion rescue that would prove one for the ages. lee did not call it a rescue. it was a loan. one he paid back with interest seven years early. >> i didn't get a bailout. the people, the workers gave up $2.5 billion. i had to go to the united states government. i had to convince the senate and the house. it had to go to the president of the united states. he had to sign an act. >> i love the story how carter dropped the pen as he signed it. >> yeah. after all the hell i wendt through, the president drops the pen and he wants to lean down. he said hold it. i said i'll get it. >> he needed to get that pen. lee iacocca did it one car at a time. convincing leery americans that chrysler cars were not as good but better than every other car out there. >> if you don't agree that the best chryslers ever made, the very best america has to offer at a sensible price, i'm in the wrong business. one more thing. if you can find a b

help save chrysler. how is the business world reacting to losing leigh iacocca. >> a former chrysler executive likened him to babe ruth, he hit home runs, struck out a lot but always managed to fill the ballpark. this is a man who was larger than life, the only person historically to run two of detroit's big three auto manufacturers and huge success in the 70s and 80s, in particular, expanding the auto industry in the u.s. until some of the overseas rivals from countries like japan started to eat into the market share. he has died at age 94. >> it's not often where you have the head of the auto industry be a household name like that. >>> coming up on "morning joe", the crisis at migrant detention facilities reportedly being compared to a ticking time bomb. the latest on the growing concerns over dangerous overcrowding at facilities at the southern border as democratic lawmakers demand answers from trump administration officials on the matter. >>> democrats miky sher ril and dan kildee. and republican con

government to save chrysler. that was in the late 1970s joining us former gm vice-chair, cnbc contributor bob lutz who worked with iacocca, head of product development at chrysler. we watched a couple this morning. i mean, he was a great executive in many ways man, he could sell as well, couldn't he? >> absolutely. that was one of his strongest traits he was a master salesman, brilliant communicator, and extremely convincing sometimes it was dangerous to listen to him because he could make the illogical seem logical, and you believed it until you walked out of the office again so he was brilliant when it came to communications. >> yeah. you know, i think it might be helpful for the younger viewers to frame what the world was like in the late '70s, even early '80s, for the u.s. auto industry from the consumer viewpoint of the quality of auto automobiles and how he changed that equation. >> we were in the process of giving it away to the imports, and the federal had passed fuel economy legislation mandating an aver

into the chrysler brand. or three of them public of to the top and it became what detroit was on for. detroit early industrial history prior to the turn of the last century brought in many immigrants, mostly from western europe figured they settled here and took good jobs and helped build the industries they were involved in. following the turn of the 19th century, we had quite an influx of people from mediterranean europe,s, from eastern that really helped build detroit into this wonderful melting pot of various neighborhoods, polish neighborhoods, serbian, lithuanian, hungarian, russian, lots of folks who were living amongst each other and working together in the car companies. in fact, i have heard the brooch plant described -- the rouge plant described as the tower of babel because of all the different messages being spoken on the same assembly-line. many of those people who came here settled, and their families have worked in the plants for years, many generations one after another. in the 1920's and 193

coming up, how fiat chrysler's ram trucks helped deliver sales in a shrieking market. this is bloomberg. ♪ 'sroline: they are out, tesla production numbers. they say, in the second quarter, record production of vehicles and record deliveries of approximately 95,200 vehicles. in addition, they said they made progress streamlining logistics , costlivery operations efficiencies to our positions. the delivery of 77,000, more threes.5 thousand model romaine: let's go deeper into this. ben powell joins us. he is a senior research analyst at baird. he has raised his price target on the stock to $355. looking at these numbers, they appear to be giving investors what they wanted. the deliveries overall are higher than expected. production numbers also higher than what analysts were expecting. ben: very good results here. like you said, it is something we are all watching for and that came in i think better than expected. overall deliveries came in better than expected even after bears have been inching up their numbers into this release, kind of conceding that they can get th

fiat chrysler one of the winners. it is trading strongly. the strzok story continued -- the truck story continues to do well. is it enough to keep this market on the rails, crank? -- craig? craig: it is for fiat chrysler. that has been a slamdunk for them. they have won plaudits for the design of that pick up. they have also put a huge touchscreen in it that is model x like. ram has been a standout story within their numbers. even jeep -- suvs are still reigning supreme, that is having a hard time staying buoyant with where we were a year ago. it is the case that you have ram standing apart from this market, whether it is fiat chrysler were the other major automakers were going to have a hard time continuing to keep pace with where we have been in the last few years. the expectation is that retail sales this month will show declines as we have seen all year. there will be some sort of patching up of total sales results by resorting to deliveries to rental car companies and other customers. guy: let me ask the question i'm asking a lot of peo

t police sy have recovered the red chrysler minivan connected to this kidnapping. the van was abandoned at warren county boat rp and here is a picture of the child now. if you re know where raequon may be, call the police immediately. >>> this morning, stafford county sheriff's office is investigating a adly shooting. puties say two people were shot overnight on garrisonville road in stafford and one person died. >>> police believe they found the body of a missing 2-year-old virginia boy. noah tomlin has been missing more than a week. the medical examiner is working fy the remains found yesterday at a steam plant in hampton, virginia. the boy's bother was arrested friday. >>> one man is dead after a crash on river road in montgomery county. chopper 4 fleover the scene on wednesday afternoon near. police say a truck carrying sod. the driver was killed. he has not been identified. the truckdriver was treated for minor injuries. >>> here is a look at our other top stories we are worng for you today. >>> authorities say the victims of a deadly jet ski accident in anne

in the mid-1990's he launched a failed takeover of chrysler. but eventually returned to the airwaves in the early 2000's on behalf of his old company. iacocca died yesterday of complications from parkinson's diseas he was 94 years old. in new york, former police detective luis alvarez was hailed today as a hero of 9/11. he spent months working at ground zero after the attacks,an he championed health benefits for first responders. today, hundreds honored alvarez at a funeral service in queens. died saturday, of colo-rectal cancer. a was 53 years old. final preparationsre underway r president trump's planned fourth of july festivities in washington. heavy, armored vehicles were put on dplay today near the lincoln memorial as part of plans to highlight the u.s. military district of columbia officials warned they will bill the federal government for any damage to city streets. and on wall street, the maet closed early for the fourth of july holiday, but the trade truce with china sent major indexes to record closings. the dow jones industrial avera

>> woodruff: lee iacocca was a showman-- known as the famousfa of chrysler on tv. the son of italian immigrants in pennsylvania, he got his start at ford motor company where he moved up after launching the mustang in 1964. car that quickly became a cultural icon. steve mcqueen drove it in the famo chase scene in the 1968 san francisco thriller "bullitt." iacocca rose through the ranks and became ford's esident. but he campaigned against airbags and other safety features. he also championed the lig pinto sports carlater recalled after dozens of deaths. after a falling-out with ford's chairman, he left for chrysler to become its c.e.o. in 1979. just as the company was nearing bankptcy. iacocca saved the automaker by securing more than a billion dollars in federal loans and restoring it to profitability. but his overhaul led to several plant closings and thousands of layoffs. >> no cars are perfect, but these come pretty close. >> woodruff: he became famous for his commercials guaranteeing the quality of chrysler vehicles. and he launched some of the company's most su

in 1992, iacocca hit the brakes >> it's here time for me to step down and retire as chairman of chrysler >> reporter: he always remained an auto icon, even appearing in a commercial with snoop dogg >> if the ride is fly, i mu you must buy >> that's what i hear. >> reporter: a visionary with relentless drive joe fryer, nbc news. >>> ahead, safety warnings before your family hits the water before this fourth of july what you need to know. >>> another surprise at wimbledon from this 15-year-old american wonder >>> and our inside look at the country's most dazzing display this july 4th. stay with us >>> tonight marks the kickoff to a long july 4th weekend, but also a particularly dangerous time in the nation's pools, lakes, and shores nbc's tom costello is on the water tonight with ways to keep your family safe. >> reporter: on lake st. clair, michigan, a violent altercation on the water. one boater arrested for dui after crashing into a yacht nationwide today, americans are flocking to the water but 3,500 people down every year ie 830 under the age of 14, most in private pools. 330 people d

straggly iacocca, the visionary automaker who led both ford and chrysler has passed away. he put the iconic mustang the ford lineup in the 60s. and he wrote two best-selling books. he had a 32 year career at ford and chrysler, and helped launch some of detroit's most significant cars, according to his family. he died of competent patients from park it is disease. lee iacocca was 90 for years old. >>> in the lawmakers bring it lawsuit over the president tax returns. the next round is on miller light. dan king halt at the new york stock exchange with today's in money watch report. >> reporter: the broadest benchmark of u.s. stock stocks set another record another major indexes based finishing higher yesterday. the belle rose 69 point took the nasdaq gained 17 and the s&p 500 added eight points per cost democrats have filed a lawsuit to obtain the president tax returns. the lawsuit comes after months of requests the house ways and means committee. mr. trump has kepthis returns under wrapstanding presidential tradition. the president lawyers spotted to the lawsuit by saying th

government to save chrysler in the 1970s. he reached a level of celebrity unmatched by others in the industry, famous for his tv ads with the tag line if you can find a better car, buy it. in recent years he had been battling parkinson disease he's survived by his sister, two daughters and eight grandchildren. >>> coming up, your second half playbook for the airline sector. will boeing 737 max issues plague the industry? the answer to that question ahead. >>> as we head to break, a quick check of what's happening in european markets right now looks like green across the board. stay tuned, this is "worldwide exchange" on cnbc. s talk. you blaze trails... s talk. but you have the power to do so much more. let's not just develop apps, let's develop apps that help save lives. let's make open source software the standard. let's create new plastics that are highly recyclable. it's going to take input from everyone. so let's do it all, together. ♪ ♪ let's expect more from technology. let's put smart to work. ♪ ♪ >>> welcome

david: good news for fiat chrysler with respect to its ram truck. do have any indication of how they are doing it in china? in the past. chrysler has lagged behind in china where gm has gotten out in front. keith: chrysler continues to lag in china. gm is the leader. ford has been declining in china. the best thing in china for detroit is the luxury brands, cadillac and lincoln, which seems to be faring well. otherwise china has become a challenge. david: thank you so much. now let's get a check on the markets with abigail doolittle. abigial: this tuesday is shaping up interesting. the average is slipping between small gains and losses. you can see small losses for the dow, nasdaq, and the s&p 500. as an p5 hundred and nasdaq on paste this now multi-day -- on -- we seeap multi-day that one culprit to the sense of risk off on the day underperforming in a vague way, oil down 3.5%. there does not appear to be a clear impetus outside the fact that some investors may be concerned about the possibility that global demand could slow if -- doese war is not

but he quickly rebounded going on to run chrysler. he didn't just rescue the company from near nk baptcy, he became its persistent pitchman. >> no cars are perfect, but these come pretty close. >> reporter: he once flirted with running for president but decided otherwise. i know i wouldn't fit. i'm from a different world. >> reporter: he served in other ways like leading the effort to oave the crumbling statueliberty. then in 1992, iacocca hit the brakes. >> well, it's here. time for me to step down, retire as chairman of chrysler. >> reporter: he remain an auto iconven appearing in a commercial with snoop dog. >> if the ride is fly, you must buy. >> that's what i hear. >> reporter: a visionary with relentless dri. > just ahead, the safety warnings before amily hits the water this fourth of july, what you need to know. >>> then another surprise at wimbledon from this 15-year-old american wonder. >>> d the inside look at the dazzling splay this july 4th. stay with us. this is your wake. if you have moderatetho severe rheumatoid tis, mo

., saving chrysler with an appeal to america's can-do spirit-- >> we're not foolish, we're confident. >> reporter: --and a signature tag line. >> and one more thing: if you can find a better car, buy it. >> reporter: born 94 years ago to italian immigrants in allentown, pennsylvania, iacocca started work at ford in the 1940s. his first national splash came at the 1964 world's fair where he introduced the ford mustang that he brought to market. but saving chrysler was where he shot to fame. >> nobody has anything like them-- not ford, not g.m., not the imports. >> reporter: at one point the world's third-most-admired man behind ronald reagan and pope john paul ii, iacocca considered a run for the white house, until he talked to his pal, tip o'neill. >> i said, tip, what do you think about me running for president? he said, of what? typical irishman. he laughed. he said, you crazy? >> reporter: iacocca would perform the great public service of overseeing the restoration of the statue of liberty and ellis island. >> you know, i got to tell you, when it's your last turn at bat, it sure is

he was another industry legend lee iacocca not only created the iconic ford mustang but also saved chrysler from bankruptcy he died on tuesday aged 94 he began his career in 1946 as an engineer or to quickly rose to become companies vice president aged just 36 but it wasn't all smooth sailing was 5 in 978 with management and then moved to chrysler which he steered back to profitability following a crisis. that's the women's up for the world cup where the netherlands and sweden face off in tonight's 2nd semifinal neither team has ever won the title but the dutch will be but by a big following and sweden looking extremely relaxed. don't worry sweden haven't forgotten how to play football after all they've just knocked out heavyweights canada and germany but true to the underdog tag their coach was humble when it came to assessing his team's chances against the reigning european champions from able to. see it have it all and on the other in the euro 2017 finals watching the neverland's play against denmark was absolutely fantastic because that game was very close to being perfect football and

so you bought a chrysler personalizing the brand. david: he was powerful for that brand, for his company. some of which i didn't like. >> you passed over the man's biggest accomplishment. forget about the mustang. forget the suv. you know i'm a passionate mini van driver. this man created the mini van. david: i didn't know that. susan: 1980s, yeah. david: lee iacocca gone at 94. thank you, everybody. >>> actor jon voight will be at president trump's rally for freedom tomorrow, standing right alongside gold star families. they are the best. first before that, he is stopping by "varney & company." you will see him today during our 11:00 a.m. hour. jon voight. don't miss him. >>> one analyst says netflix could make $1 billion in extra revenue each year if they allow advertising on the site. wait a minute. you're paying for netflix, paying for advertising? what's up with that? netflix actually taking that plunge? that story is next. how do you gauge the greatness of an suv? is it to carry cargo or to carry on a legacy? its show of streng

all smooth sailing mr iacocca was fired and $978.00 after a spat with management he then moved on to chrysler which he steered back to profitability after christ's kill anybody. in portugal tourism now accounts for 14 percent of economic output it's an especially popular destination for brits keen to soak up the sun but forecasters fear storm clouds are gathering on the horizon as breck's it and competition from other destinations keep people away politicos dealing gulf coast at the beginning of july high season is just getting underway but hoteliers here are wondering just how many britons will come last year their numbers fell 511-0000 the british are the region's tourist mainstay. of the games didn't they were always about 30 percent or more of the total overnight stays now we're down to 292 to 3 percent less that's clearly a break that effect because of the. besides brags that competition from other vacation destinations is also hurting the. hotels here have responded with special offers. and the country's tourist marketing board has geared its efforts more towards the british market the

. >> mike: former chrysler ceo is died. credited with turning chrysler around. you came a personality in the 1980s on advertisements for chrysler vehicles. his tagline was "if you can find a better car, by it. also wrote to cope best-selling books. if he had at the statue of liberty and ellis island foundation overseeing lady liberties renovation, and was courted as a possible presidential candidate in 1988. he was 94. do your asthma symptoms ever hold you back? about 50% of people with severe asthma have too many cells called eosinophils in their lungs. eosinophils are a key cause of severe asthma. fasenra is designed to target and remove these cells. fasenra is an add-on injection for people 12 and up with asthma driven by eosinophils. fasenra is not a rescue medicine or for other eosinophilic conditions. fasenra is proven to help prevent severe asthma attacks, improve breathing, and can lower oral steroid use. fasenra may cause allergic reactions. get help right away if you have swelling of your face, mouth, and tongue, or trouble breathing. don't stop your a

all smooth sailing mr iacocca was fired and $978.00 after a spat with management he then moved on to chrysler which is steer back to profitability after a crisis. in portugal tourism now accounts for 40 percent of economic output it's an especially popular destination for brits keen to soak up the sun but forecasters fear storm clouds are gathering on the horizon as breck's it and competition from other destinations keep people away portugal's dealing gulf coast at the beginning of july high season is just getting underway but hoteliers here are wondering just how many britons will come last year their numbers fell 511-0000 the british are the region's tourist mainstay of the games they were always about 30 percent or more of the total overnight stays now we're down to 292 to 3 percent less that's clearly a break that effect because of the. size break that competition from other vacation destinations is also hurting the algarve hotels here have responded with special offers and the country's tourist marketing board has geared its efforts more towards the british market the message is clear. t

one storyline that did come out today, fiat chrysler's ram pickup truck brand sales up 56% in the month of june that is a huge pop, guys, in any category but especially in pickup trucks. the ram outsold the chevy silverado in the second quarter, two straight quarters that that has happened look at overall sales pace and we're showing you the pace on an annual basis most believe we probably came in at about 16.8, 16.9 million for the month of june. quickly look at shares of tesla. we continue to await q2 delivery numbers. whether or not we get them today or tomorrow, that is the number that people are looking for in the auto space right now what did tesla deliver for the second quarter guys, back to you. >> phil, thank you >>> turning to oil, seeing a big drop today as the opec meeting wraps up our brian sullivan is in vienna with more. brian? >> reporter: guys, it was maybe a more eventful day than poland. oil prices, first off, falling a couple percent during the day. listen, russia coming out and solidifying a couple of things one, agreeing to that 1.2 million barrel per-day cut for n

vice president aged almost 36 it wasn't also in sale it was fired in 1908 office when he then moved to chrysler which he steered back part of the billet he offered. from the i.m.f. to the e.c.b. christine legarde goes from one top job in the national finance to the next by a drug is time as boss of the european central bank is pretty much up as e.u. leaders nominate the i.m.f. managing director to take over the role the euro slipped on the news while stock markets welcomed it experts point out that god has a reputation as a shrewd negotiator but little monetary policy experience. she's already one of the most well known figures in international finance bringing with her a wealth of experience and their reputation as a trailblazer for women. in 2007 christine legarde became the 1st female finance minister of france an experience that french president emmanuel markoff is could benefit her at the e.c.b. had. she was the finance minister at a time when it was particularly complicated as she faced the biggest financial and sovereign debt crises of the last decade. having earned credentials for shapi

president aged only 36 it was and also new york was fired in 978 after a spot management he then moved to chrysler which he steered back part of the billet he offered. from the i.m.f. to the e.c.b. christine legarde goes from one top job in international finance to the next by a drug is time as boss of the european central bank is pretty much up as e.u. leaders nominate the i.m.f. managing director to take over the role the euro slipped on the news while stock markets welcomed it experts point out that god has a reputation as a shrewd negotiator but little monetary policy experience. she's already one of the most well known figures in international finance bringing with her a wealth of experience and a reputation as a trailblazer for women. in 2007 christine lagarde became the 1st female finance minister of france an experience that french president emmanuel mocassins could benefit her at the e.c.b. had. she was the finance minister at a time when it was particularly complicated as she faced the biggest financial and sovereign debt crises of the last decades. having earned credentials for shaping

all smooth sailing mr iacocca was fired and $978.00 after a spat with management he then moved on to chrysler which he steered back to profitability after a crisis so anybody. in portugal tourism now accounts for 14 percent of economic output it's an especially popular destination for brits keen to soak up the sun but forecasters fear storm clouds are gathering on the horizon as breck's it and competition from other destinations keep people away. portugal's it out gulf coast at the beginning of july high season is just getting underway but hoteliers here are wondering just how many britons will come last year their numbers fell 511-0000 when the british or the region's tourist mainstay of the games they were all was about 30 percent or more of the total overnight stays and is now we're down to 292 to 3 percent less that's clearly a break that effect because of the. besides briggs it competition from other vacation destinations is also hurting the algo of hotels here have responded with special offers. and the country's tourist marketing board has geared its efforts more towards the british ma

36 it wasn't also an insanely yako was fired in 1900 date after a spot management he then moved to chrysler which he steered by part of the billet he offered. from the i.m.f. to the e.c.b. christine legarde goes from one top job in the national finance to the next by a drug is time as boss of the european central bank is pretty much up as e.u. leaders nominate the i.m.f. managing director to take over the role the euro slipped on the news while stock markets welcomed it experts point out that god has a reputation as a shrewd negotiator but little monetary policy experience she's already one of the most well known figures in international finance bringing with her a wealth of experience and a reputation as a trailblazer for women. in 2007 christine legarde became the 1st female finance minister of france an experience that french president emmanuel not cost says could benefit her at the e.c.b. head. she was the finance minister at a time when it was particularly complicated as she faced the biggest financial and sovereign debt crises of the last decade. having earned credentials for shaping

but saving chrysler is where he shot to fame. >> nobody has anything like them. not ford, not gm, not the imports. >> reporter: at one point, the world's third-most admired man behind ronald reagan and pope john paul ii. he considered a run for the white house. until he talked to his pal, tip o'neill. >> i said, what do you think of me running for president? he said, are you crazy? >> reporter: he would oversee the restoration of the statue of liberty and ellis island. >> i have to tell you, when it's your last turn at bat, it's nice to hit a home run. >> reporter: a fitting legacy for the son of immigrants who became an american corporate giant. jim axelrod, cbs news, new york. >>> that's "the overnight news" for the fourth of july. for some, the news continues. for others, check back later on. you don't want to miss "cbs this morning." i'm david begnaud. thank you for watching. i'll see you tonight on "the cbs evening news." >>> this is "the cbs overnight news." >> welcome to "the overnight news." i'm nickki battiste. today is the fourth of july, independence d

la policÍa dice que utigo dice que eran 4 hombres de tez negra y que se dieron a la fuga en un carro chrysler. la investigaciÓn ha arrojado que la tÉcnica es similar a otros robos, por lo que las autordese creen que podrÍan ser los mismos malhechores. pero mientras los capital turan la policÍa recomienda que joyerÍa quite las joyas de las vitrinas para mÁs seguridad. >>> vamos a una pausa. >>> feliz noche. la temperatura marca 61 grados en oakland. >>> si busca precio le diremos dÓnde podrÍa conseguir la mejor opciÓn a 1500 dÓlares al mes. le contamos dÓnde estuvo desaparecido por 5 dÍas. ♪(mÚsica)♪ ya comienza el censo 2020 sin la pregunta del estatus de ciudadanÍa, asi concluye la batalla que llegÓ hasta la corte suprema. el alcalde de san josÉ dijo que estÁ alentado por la noticia y su ciudad seguirÁ luchando para que la ciudad sea contada. nancy pelosi dijo que la noticia es bienvenida para loshabita habitantese del paÍs. demandar que el gobierno cierre los centros de detenciÓn de ice. en san francisco marcharon desde la sede de la congresista nancy pelosi. >>> det

all smooth sailing mr iacocca was fired and $978.00 after a spat with management he then moved on to chrysler which is steer back to profitability after a crisis. in portugal tourism now accounts for 14 percent of economic output it's an especially popular destination for brits keen to soak up the sun but forecasters fear storm clouds are gathering on the horizon as breck's it and competition from other destinations keep people away. portugal's dealing coast at the beginning of july high season is just getting underway but hoteliers here are wondering just how many britons will come last year their numbers fell 511-0000 the british or the region's tourist mainstay of the games they were always about 30 percent or more of the total overnight stays now we're down to 292 to 3 percent less that's clearly a break that effect because of the. breaks that competition from other vacation destinations is also hurting the. hotels here have responded with special offers and the country's tourist marketing board has geared its efforts more towards the british market the message is clear. whatever happens

david: fiat chrysler's ram brand enjoyed a good june. , 16,000 units,6% close to the level of monthly sales typically reached by the ford ram series. it made the group the only major automaker to boost sales and also beat forecasts. rishaad: tesla jumped in the late session after setting a new ,ecord for quarterly deliveries showing that demand in europe is all caps china is growing. 95,000 in three months at the end of june, but topped the previous best of 90,000 cars, and was above the forecast of 88,000. u.s. demand for the model 3 was helped by the holding of a federal tax credit in july? david: speaking of there ---- great segue our sources tell us that samsung is in fact done with the process of the redesign of the samsung fold, to fix the embarrassing screen failure. let's get the details on the fix here with our asian tech editor. it is significant, we know that. what is the fix, do we know? >> basically, they have redesigned the screen and the hinges. it stretched out the display, so that it now flows around the hinges.and into the the idea is that when you open up the phone,

the man who saved chrysler has died at the age of 94. his hallmark achievement includes adding the iconic mustang to forward's lineup. engineering a huge corporate turnaround the ceo of chrysler in the early 80s. thomas jefferson's hometown will no longer recognize his birthday as a paid holiday. space got really heated, we will take it up next. king bucket liss bookers know summer is for booking it like booking a beachside resort, and ordering two more tacos than you need to. check. showing the deep end who's boss! check. starting a scooter gang with the fam. check. "awesome" bookers know summer won't last forever. "you're gonna thank me" so be a booker at booking.com. the world's number one choice for booking accomodations. shannon: charlottesville a lot of controversy, known as the home of the nation's third president, thomas jefferson. this is not going to celebrate jefferson's birthday as official municipal holiday. here to debate, jim fowler and video columnist stephanie hansen. thank you for joining us. there has been a debate, th

fiat chrysler have been higher on that strong quarter, better than expected -- excuse me, monthly sales. up 1.9% versus the estimate of 1%. gm missing. ford's results are not out. everybody waiting on tesla. fiat chryslerct is better, expectations going into the reports for the month of june and the quarter, relative to car sales, a bit muted. at aly, if we look terminal we have, we have had this big rally on the year. let's go back to 2018. looking at the s&p 500 for much of last year. in blue we are looking at volume. as the s&p 500 was putting in an all-time high at that time, volume was declining. we see the 20-day moving average reaching out. this year's rally, interesting to see, coming on declining volume. hit an all-time high yesterday, volume dipping down. lls seem to have the losses we are seeing on the day. shery: thank you for that. we continue to see a lot of concerns across the markets. roubini is areal living up to his name of dr. doom. he told bloomberg that the spike in oil prices could lead to a recession next year. the consequences of this war is globalization, balkan

floor, the big profit and right now fiat chrysler is getting a lot of it with the ram pickup. guy: can i ask how this fits into the wider narrative of the trade story? we in europe are terrified that the president is going to impose auto tariffs. how much affect would auto tariffs have on the narrative you've just discussed with us? david: if you start to put tariffs on vehicles coming from europe to the u.s., it is really going to hit luxury buyers in a market that is already softening. it is just going to hurt sales more because you're going to have automakers trying to recoup some of that with pricing, and right now vehicle affordability is already an issue. last month we already saw vehicles hit near record prices, almost $40,000 for your average new vehicle. that is very expensive. interest rates are rising. that is adding to sticker prices as well. and credit even tightened up a little bit. you're talking about a market softening for a variety of reasons, so if you're going to try to have car companies stuffing tariffs into sticker prices, it is going to be difficult and

he's also credited with saving the number-three automaker, chrysler, from bankruptcy in the 1980s. before that at ford, iacocca developed the mustang. once asked about the secret to his success, he said "i hire people brighter than me, and then i get out of the way." iacocca is survived by two daughters and eight grandchildren. he was 94. >> just represents the '80s in a lot of ways. >> absolutely. he's an icon. >> a shame the video looksly sold. makes me -- looks so old. makes me feel old. >>> mourners lined up to honor september 11th hero luis alvarez. he succumbed to a 9/11-related cancer. in his dying days he spoke to congress in an effort to get first responders a permanent victims compensation funds. >> their families would love to have time with them and mine had time with me. >> senate majority leader mitch mcconnell has indicated that congress will address extending the 9/11 victims fund. but when that will happen is unclear. alvarez will be honored with a key to new york city following an emotional appeal by fellow 9/11 first responder john feel on "new day." mayor de bla

straggly iacocca the visionary automaker that led ford and chrysler has died. lee iacocca with the iconic mustang in the ford lineup in the 1960s and wrote two best- selling books. he had a 32 year career a ford and chrysler helped launch some of detroit's most significant cars. according to his family, he died of publications from parkinson's disease. he was 90 for years old. >>> it is about 10 minutes before 6:00. the baseball world is remembering the los angeles angels pitcher tyler skaggs. yesterday both of the angels and the rangers paid to be to to the pitcher found unresponsive inside of his hotel room in texas on monday. skaggs hadn't pitched two days prior against the oakland ace. the eagles manager says that losing tyler skaggs is like losing a family member. talk today is one of the hardest days. i know that it gets easier, but it is difficult.>> an autopsy is underway to determine the cause of death and police say that foul play is not suspected. >>> police officers in the midwest jump into action to save a new board. we will show you the special re

. >>> let us get to june auto sales numbers, one of the big winners, fiat chrysler. the company reported sales up 1.9% from last year, yes, very nice. but listen to this, ram pickup trucks spiked 56% in sales year-over-year. that beat for the first time the chevy silverado, coming in second place there. ford f-150s are first. not bad for the ram there, helping to lead the way for the automaker. but today's "countdown" closer says fiat chrysler is not the name specifically in the auto world he feels to own right now. let's get to hennessey fund portfolio manager, ira rothberg. which ones do you like, ira? >> we're big fans of o'reilly automotive and carmax. carmax is the largest retailer in the night, 4% market share, 200 stores spread across the country. they revolutionized the used car space 25 years ago when they introduced their no haggle pricing model. they are revolutionizing the industry the industry with the omni channel proposition. in dice of 2018 they introduced in atlanta the ability to buy a car officially any way you would like, including from the comfor

the former chrysler ceo was also a master pitchman appearing in a series of commercials telling consumers, quote, if you can find a better car, buy it. he's also credited with saving the number-three automaker from bankruptcy in the 1980s which got him on the "time" magazine cover, "detroit's comeback kid." before that at ford iacocca developed the iconic mustang. asked about the secret to his success, he said, "i hire people brighter than me, and then i get out of the way." he's survived by two daughters and eight grandchildren. he was 94. >>> not guilty on the top charges. a navy seal acquitted of killing an isis prisoner in iraq could be a free man today. pampers is the first and only diaper with three extra absorb channels. they stay up to three times drier so babies can sleep soundly all night pampers has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go with anybody else? we know their rates are good, we know that they're always going to take care of us. it was an instant savings and i should have changed a long time ago

he is widely credited with rescuing chrysler from near bankruptcy in the 1980s. he was instrumental in creating some of america's most famous cars including the ford mustang in the 1960s. his family says he died of natural causes at his home in bellair, california. >>> a b.a.r.t. is moving forward with fare gates despite concerns from some disabled riders who worry they could be injured when they close a facebook user posted this photo of the gates at the richmond b.a.r.t. station. the old fare gates are waist height with the new gates above. they are designed to stop fare jumpers. some riders who use wheelchairs say they worry they could close on their heads. >>> in san francisco opponent of the city's new ban on the sale of erig set cigarettes hope to overturn that at the ballot box. members of the coalition for reasonable vaping regulation turned in signatures today at the department of elections at city hall. the petitions call for a ballot measure to replace the ban tighter regulations. which is double the to qualify. they say that their initiative would pre

bracing tonight, the man who saved chrysler lee iacocca has died at the age of 94. come at the iconic mustang two ford line up in the 1960s. and then engineering a huge corporate turnaround for ceo chrysler in the early 80s. thomas jefferson will no longer recognize his birthday is an official paid holiday. and his -- and it's gotten really heated. we will pick it up next. on a john deere x300 series mower. because seasons change but true character doesn't. wow, you've outdone yourself this time. hey, what're neighbors for? it's beautiful. run with us. search "john deere x300" for more. whoa. travis in it made it. it's amazing. oh is that travis's app? it's pretty cool, isn't it? there's two of them. they're multiplying. no, guys, its me. see, i'm real. i'm real! he thinks he's real. geico. over 75 years of savings and service. for making bucket lists bookers know summer is for booking it like booking a beachside resort, and ordering two more tacos than you need to. check. showing the deep end who's boss! check. starting a scooter gang with the fam. check. "awesome"

fiat chrysler down 4%. renault down 1% as well. >>> amazon workers have staged protests around europe and the u.s. alongside the company's annual prime day sales employees are calling for better pay and work conditions. the german labor union said amazon are depriving employees of a living wage in a statement an amazon spokesperson accused labor unions of conjuring misinformation and argued the tech firm already provides good working conditions >>> facebook will not be launching its cryptocurrency until regulatory concerns have been addressed that is according to the executive in charge of the project. david marcus made the comments in a prepared statement ahead of an appearance in front of the senate banking committee elizabeth has been following this closely everyone is weighing in on this topic. for the most part it looks like most policymakers are viewing it with a certain degree of caution. >> we heard a lot of skepticism from policy americas jerome powell saying last week he has serious concerns. yest

pitchman for chrysler vehicles and created an entire category of family cars, the minivan. and he also played a leading role in launching another iconic american car, the ford mustang. iacocca was 94. >>> well the los angeles angels and texas rangers finally played the game postponed by the death of pitcher tyler scales. found dead in his hotel room. investigators don't expect foul play or suicide. the team is in mourning. >> he was an exceptional young man with an entire life so full of promise yet to live. i cannot truly begin to say how much we're going to miss tyler and we will do everything to honor his memory. >> a moment of silence was held before last night's game. scaggs pitched for seven seasons and his last start was on saturday against the oakland a's. >>> it is 6:15. what if instead of sitting in a tharpt waiting room, you could get help through your instagram feed. >> this is called insta-therapy, where therapists give advice on instagram. therapists saying this isn't providing adequate care. >> but it does not take the place of the therapy and it is not tailo